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One company has just paid a quarterly dividend of $0.60. It's stock price is $63.20, and the company is expected to grow at a 4%
One company has just paid a quarterly dividend of $0.60. It's stock price is $63.20, and the company is expected to grow at a 4% rate. It has 500,000 shares outstanding, and its capital stack consists of a 60% debt, 40% equity split.
If the company increases its quarterly dividend by $0.20, which leads to an Re of 8.4%, what is the new stock price?
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